Macedonia Initiates Privatization Push

Macedonia Initiates Privatization PushFollowing the September 2002 election of a new government in
the Republic of Macedonia, a new push for economic reform and privatization of industry in that
country is underway. Supported by the World Bank, the new government is offering a range of
investment incentives to potential investors.Eighteen major businesses, including seven textile or
textile-related enterprises, are being offered for sale to the highest bidder, with no minimum
price or conditions relative to future operations. The Privatization Agency of the Republic of
Macedonia reports the companies have sound assets and readily available skilled workers.
May 2003